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Green bond issuance and base prospectus advice for Augstsprieguma tīkls
We advised Augstsprieguma tīkls, the Latvian transmission system operator, on its green bond issuance. Our work covered the preparation of the base prospectus and the related transaction documentation; advising on listing and central securities depository requirements; supporting the due diligence and disclosure workstreams; and preparing issue-specific summaries, managing translations and delivering legal opinion. This mandate […]
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Latvijas Banka grants Noah LV MiCAR and Payment Institution licences
We advised Noah LV on obtaining a CASP (MiCAR) licence and a PI licence in Latvia, supporting the client through a dual authorisation process for its planned crypto-asset and payment services activities. The engagement covered the preparation for pre-licensing stage, coordination and finalisation of both licensing packages, as well as the broader regulatory readiness work […]
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IBC INVEST obtains investment firm licence under MiFID
We advised SIA IBC INVEST on its successful authorisation as an investment firm under the MiFID framework in Latvia. The project involved navigating a highly demanding regulatory authorisation process, which is generally regarded as one of the most complex licensing processes in the financial services sector, second only to obtaining a credit institution licence. The […]
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Shopping centre Saga owner receives EUR 65 million loan from Swedbank
Sorainen advised VPH, one of the largest commercial real estate developers in Baltic states (Estonia, Latvia and Lithuania); and Riga Retail Park, owner of one of the largest lifestyle shopping centres in Latvia, on receiving a loan totalling EUR 65 million from Swedbank AS for refinancing. EUR 8.5 million of the financing will be allocated […]
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AS Hipocredit’s public offering of secured bonds attracts EUR 8.7 million in investor demand
We advised AS Hipocredit, a mortgage-secured lending company on the structuring and documentation of a public offering of secured bonds. Our work included establishing the legal framework for the offering, preparing the information document and the related security package, and supporting the client throughout the transaction process in cooperation with the key stakeholders. We helped […]